Peabody gains as Trump administration to expand coal leasing

Core Natural Resources

29/09/2025 18:47

** Shares of coal miner Peabody Energy BTU.N up 7.5% at $25.36

** Trump administration says it will expand coal mine leasing on federal lands and provide hundreds of millions of dollars to support more coal-fired power generation

** At a press conference in Washington, Interior Secretary Doug Burgum said his department would open 13.1 million acres (5.3 million hectares) of federal land for coal leasing

** Shares of peer Core Natural Resources CNR.N also up 1.65% at $84.17

** Including session's moves, stock up ~26% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))